New funding sources on KASE for SMEs in Karaganda

In nine months of 2026, the trading volume of corporate bonds on KASE reached 5.5 trln tenge. And it is not only large corporations that can raise capital through bond issue, but also small and medium enterprises. The opportunities that the stock market offers to entrepreneurs were discussed in Karaganda during a joint event of KASE, European Bank for Reconstruction and Development (EBRD) and DAMU Entrepreneurship Development Fund.

Representatives from the Exchange introduced participants to the instruments for SMEs, the steps required to enter the stock market and conditions of KASE SME Qadam Bonds program. The program is aimed at companies in the real sector of the economy with stable cash flow and intended for issue of tenge-denominated bonds with maturity up to three years. Key features include a listing process not exceeding seven days, minimum order volume of 50 mln tenge, placement limited to a maximum of 50 qualified investors, and no commission fees are charged for issue or trading of these bonds.

During the meeting, an EBRD representative discussed the support for Kazakhstan’s capital market, BCC Invest shared its experience in assisting SMEs with their entry onto KASE, and the DAMU Fund presented various tools for support of entrepreneurship.